Payroll Processor Salary
Payroll Processors in the United States are largely women. The group as a whole has a nationwide average of $15.71 per hour for pay. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. Health benefits are not enjoyed by everyone in this line of work, and more than a third lack any coverage at all. Medical benefits are reported by the greater part and dental coverage is claimed by about one-half. This report is based on answers to PayScale's salary questionnaire.
Job Description for Payroll Processor
Payroll processors process payroll information for employees within their organization, which may include a large number of employees at multiple locations. Duties include collecting, entering, and maintaining data for weekly or bi-weekly processing, recording data for accounting reports, conducting ACH processing for direct deposits and performing some clerical duties. A payroll processor generally works with several departments or colleagues to send and receive data, so they must be prepared to work within their office team and with clients.Read More...
A high school diploma or equivalent is generally the minimum educational requirement for this position, although a postsecondary degree may be preferred. Three to five years of experience in payroll or a related field is generally required or preferred as well. Payroll processors must be able to enter data quickly and accurately using basic office software, including spreadsheet software. They also must have basic knowledge of related state and federal laws regarding payroll, as well as good interpersonal skills and problem-solving abilities. Other qualities required of candidates include the ability to pay strong attention to detail, organizational and communication skills, the ability to work effectively on their own, and the ability to work well in a team setting.
Payroll Processor Tasks
- Calculate, key, total, and balance substitute payrolls.
- Create reports for information pertaining to payroll.
- Handle voluntary and involuntary deductions.
- Enter changes to employee payroll records.
- Communicate with employees regarding changes in salary, benefits, etc.
Common Career Paths for Payroll Processor
There are some Payroll Processors — though it's uncommon — that transition into Senior Payroll Processors, where earnings are an average $47K annually. When Payroll Processors are ready for the next step in their careers, they often become Payroll Specialists or Payroll Administrators. Those roles pay an additional $4K and $5K, respectively.
Payroll Clerk Job Listings
Search for more jobs:
Popular Skills for Payroll Processor
Payroll Processors generally report applying a varied skill set to their work. Most notably, skills in ADP Payroll System, Payroll Administration, Payroll Tax Compliance, and Microsoft Office are correlated to pay that is above average, with boosts between 8 percent and 14 percent. It is often found that people who know Microsoft Excel are also skilled in Microsoft Office.
Pay by Experience Level for Payroll Processor
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Relatively untried employees who have fewer than five years of experience earn around $33K on average. People who have worked for five to 10 years can expect a higher median salary of $36K. On average, Payroll Processors make $41K following one to two decades on the job. Veterans who have surpassed the 20-year mark may make no more than those who are navigating the mid-career stage.
Related Job Salaries
Key Stats for Payroll Processor
Rated 4 out of 5
based on 25 votes.